It is just my view on the Nifty Spot intraday on November 29, 2024. The support and resistance levels given in the picture may vary. However, I have a bullish view on Nifty Intraday. Please note that my view is only for educational purposes but not a recommendation to buy or sell.
Based on my mathematical calculations, I advised investors to exercise caution and refrain from making aggressive lump sum investments starting in July 2024. In mid-December 2023, I had forewarned clients about a potential market decline expected to occur anytime from July 2024 onwards. While there has been a delay in the anticipated correction, clients who heeded...
Technically, on November 28, 2024, the Nifty spot intraday trend looks bearish. The Nifty spot resistance is at 24330 and support is at 24070 with a stop-loss at 24365. It is better to avoid intraday buy signals for tomorrow that is on November 28, 2024 and focus on the sell signals.